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U.S. sanctions have idled a quarter of Iranian oil rigs

At least a quarter of Iran's oil rigs are out of action as U.S. sanctions strangle the Islamic Republic's vital oil industry, according to a Reuters review of financial documents and industry sources, dealing a potentially long-term blow to its oil industry. The lack of rig activity could...

China's Xi pays first visit to virus epicentre Wuhan

Chinese President Xi Jinping arrived in Wuhan on Tuesday for his first visit to the epicentre of the coronavirus epidemic since the crisis erupted in January -- a major sign that officials believe the outbreak is under control. Xi's unannounced visit comes as unprecedented quarantine...